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Modelling Generational Changes : USA as a Study Case

Author

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  • Emilian Dobrescu

    (Centre for Macroeconomic Modelling, NIER.)

Abstract

The economy is functioning under the simultaneous participation of the coexistent generations in production of goods and services, saving-investment processes, private and public consumption, domestic and foreign trade, research-development of the new products and technologies, and all the other inter-connected economic activities. This complex role of generations can be examined from two perspectives: i) as income relevance, estimated by the shares of the coexistent generations in forming or utilization of disposable revenues; and ii) as socio-economic functional status of its members (wealth property structure, positions held in the micro- and macroeconomic management etc.). The present paper concentrates on the former. The empirical search will be focused on the historical experience of the United States of America, for which there already is available a consistent set of connected sociological studies, as well as exhaustive statistical information.

Suggested Citation

  • Emilian Dobrescu, 2023. "Modelling Generational Changes : USA as a Study Case," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(3), pages 17-39, October.
    • Handle: RePEc:rjr:romjef:v::y:2023:i:3:p:17-39
    as

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    File URL: https://www.ipe.ro/rjef/rjef3_2023/rjef3_2023p17-39.pdf
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    References listed on IDEAS

    as
    1. Shihomi Ara & Cem Tekeşin, 2017. "The Monetary Valuation of Lifetime Health Improvement and Life Expectancy Gains in Turkey," IJERPH, MDPI, vol. 14(10), pages 1-27, September.
    2. Damien Chaney & Mourad Touzani & Karim Ben Slimane, 2017. "Marketing to the (new) generations: summary and perspectives," Post-Print hal-02047966, HAL.
    3. Damien Chaney & Mourad Touzani & Karim Ben Slimane, 2017. "Marketing to the (new) generations: summary and perspectives," Post-Print hal-02541232, HAL.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    demographic structure; generation; income generational relevance;
    All these keywords.

    JEL classification:

    • C82 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Macroeconomic Data; Data Access
    • J11 - Labor and Demographic Economics - - Demographic Economics - - - Demographic Trends, Macroeconomic Effects, and Forecasts
    • J17 - Labor and Demographic Economics - - Demographic Economics - - - Value of Life; Foregone Income

    Statistics

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